Consider the following statements regarding the Incentive Scheme to Promote Critical Mineral Recycling: 1. It is part of the National Critical Mineral Mission. 2. The scheme covers e-waste, Lithium Ion Battery (LIB) scrap, and other scraps as eligible feedstock. 3. It provides both capital subsidy and operational subsidy for recycling projects. Which of the statements given above is/are correct? |ForumIAS

Q. Consider the following statements regarding the Incentive Scheme to Promote Critical Mineral Recycling:
1.It is part of the National Critical Mineral Mission.
2.The scheme covers e-waste, Lithium Ion Battery (LIB) scrap, and other scraps as eligible feedstock.
3.It provides both capital subsidy and operational subsidy for recycling projects.
Which of the statements given above is/are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: D

Notes:

Explanation: The Incentive Scheme to Promote Critical Mineral Recycling is part of the National Critical Mineral Mission (NCMM). It allows e-waste, LIB scrap, and other scraps as feedstock. The scheme provides both a 20% capital subsidy on plant and machinery and operational subsidies linked to incremental sales, thereby covering the entire recycling value chain.

Source: PIB

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS